UWMC Q2 2024 Earnings — UWM Holdings Corporation Revenue & Financial Results | Market Cap Arena

UWMCUWM Holdings Corporation

$6B

Q2 2024 Earnings

Financial Services Financial - Mortgages

Income Statement

Revenue

$449M-17.0% YoY

Gross Profit

$327M72.8% margin

Operating Income

$77M17.2% margin

Net Income

$3M0.7% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-13.4%

Cash Flow

Operating Cash Flow

-$1.3B

Free Cash Flow

-$1.3B

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$12.9B

Total Liabilities

$10.6B

Stockholders' Equity

$113M

Cash & Equivalents

$680M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$449M	$541M	-17.0%
Gross Profit	$327M	$450M	-27.3%
Operating Income	$77M	$230M	-66.5%
Net Income	$3M	$8M	-59.6%